Remittances are private monetary transfers. Yet the rapidly growing literature on the subject often ignores the role that exchange rate regimes play in determining the effect remittances have on a recipient economy. This paper uses a theoretical model and panel vector autoregression techniques...

Remittances are private monetary transfers across borders and thus, often, involve different currencies. Yet the rapidly growing literature on the subject often ignores the role that exchange rate regimes play in determining the effect foreign-currency remittances have on a recipient economy....